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The quarterly GSA IFF (Industrial Funding Fee) is generally considered an allowable expense for federal contractors. This fee is part of the costs associated with doing business under GSA contracts and is typically reimbursable to the contractor. However, it is essential for contractors to ensure that they comply with the specific terms of their contract and applicable federal regulations regarding cost allowability. Always consult the relevant guidelines or legal counsel for specific situations.

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2mo ago

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Is the quarterly GSA IFF fee an unallowable expense --or an allowable expense?

The quarterly GSA IFF (Industrial Funding Fee) is generally considered an allowable expense for federal contractors. This fee is typically included in the overhead costs that can be allocated to government contracts. However, contractors must ensure that they comply with the specific terms of their contracts and applicable regulations, as there may be exceptions based on contract stipulations. Always consult with a financial advisor or compliance expert for guidance specific to your situation.


Account holders should be receiving a tax exemption for all purchases made using their GSA SmartPay Purchase Accounts (CBA).?

Account holders using GSA SmartPay Purchase Accounts (CBA) should indeed receive a tax exemption for all eligible purchases, as these accounts are intended for government business expenses. However, it's essential for account holders to provide the appropriate documentation and ensure that the vendors recognize the tax-exempt status. This typically includes presenting a tax-exempt certificate at the time of purchase. Failure to comply with these requirements may result in being charged sales tax.


What does the gsa do?

The General Services Administration, formed in 1949, in the agency's own words, "leverages the buying power of the federal government to acquire best value for taxpayers and our federal customers. We exercise responsible asset management. We deliver superior workplaces, quality acquisition services, and expert business solutions. We develop innovative and effective management policies."


Related Questions

Is the quarterly GSA IFF fee an unallowable expense --or an allowable expense?

The quarterly GSA IFF (Industrial Funding Fee) is generally considered an allowable expense for federal contractors. This fee is typically included in the overhead costs that can be allocated to government contracts. However, contractors must ensure that they comply with the specific terms of their contracts and applicable regulations, as there may be exceptions based on contract stipulations. Always consult with a financial advisor or compliance expert for guidance specific to your situation.


What is the industrial funding fee?

The industrial funding fee is a charge imposed by the federal government on contracts awarded to contractors under civilian agency or Department of Defense contracts. It helps cover the costs associated with administering government contracts and conducting audits. The fee is typically a percentage of the contract value.


What is an airline GSA?

GSA = General Sales Agent. An airline GSA is a third party - usually a travel agent - that provides marketing and sales services to an airline under the airline's brand, usually in countries where the airline does not have service to (or has very limited service to). The GSA brings a local infrastructure, market knowledge and sales processes and is able to provide sales and marketing assistance to an airline without the airline having to incur the expense to build up their own staff in the country. Consider a GSA outsourced sales & marketing assistance.


Where can one obtain GSA contracts?

GSA contracts can be found at GSA Federal Contracts which offer a listing as well as ways to get the best deal on a GSA contract or at Get Started Up.


When was GSA Sports F.C. created?

GSA Sports F.C. was created in 1992.


How do you join GSA on plazma burst?

You can just put the highest GSA rank on your profile page....


Where is it possible to learn about GSA auctions?

It is possible to learn about GSA auctions in a few websites. They would include the official website, GSA and About. One can email the company at the official website.


Who buys from GSA contracts?

General Service Administration (GSA) Multiple Award Schedule (MAS) contracts (aka GSA Contracts or GSA Schedules) are open to all federal agencies plus some state and local agencies. Check gsa.gov for more information. You can also go to gsaadvantage.gov and see what products are available on GSA contracts.


How can armed forces mcss jbuec claim to be a GSA contractor when the owner is a criminal and a con man?

The GSA is corrupt and does not care that criminals are using the GSA contractor system to run scams.


Who can shop military stores?

Service members and their dependents, DOD/GSA civilians, DOD/GSA contractors.


Gsa smartpay 2 has a contract with 3 banks which bank does not have a contract for gsa smartpay 2?

Suntrust bank


What products can be purchased through GSA Advantage?

GSA Advantage provides IT products. IT products can be purchased through GSA Advantage. These are the only products they sell at this time, however maybe they will add to their inventory in the future.